Reports: earnings

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Cover image for Music industry earnings 2021

Music industry earnings 2021
Riding the wave

Mark Mulligan

24 Apr 2022

In this report MIDiA presents, contrasts and analyses headline financial metrics of 12 leading music industry companies across labels, publishers, streaming and live. The companies tracked represent more than half of total global music industry revenues across these sectors.

Cover image for Tech Majors Market Shares Q2 2018

Tech Majors Market Shares Q2 2018
A Tale of Mixed Fortunes

Alistair Taylor, Karol Severin, Tim Mulligan and Zach Fuller

10 Aug 2018

Apple Spotify YouTube

Q2 2018 delivered contrasting milestones for the tech majors with Apple becoming the first company to have a trillion-dollar market capitalisation while Facebook simultaneously saw the single biggest one-day loss in market capitalisation in the history of US stock exchanges.

Cover image for Spotify Q2 2018 Earnings

Spotify Q2 2018 Earnings
More Needed from Emerging Markets and Ad Supported

Mark Mulligan

30 Jul 2018

Subscriptions Streaming Streaming Music

Spotify’s Q2 2018 earnings show continued solid progress across most of its performance metrics. However, investor scrutiny is intensifying, especially with the growing subscriber arms race in the US becoming — albeit incorrectly — perceived as a litmus test for global success.

Cover image for Spotify Q1 2018 Earnings

Spotify Q1 2018 Earnings
Steady Course But Is It Enough?

Mark Mulligan

7 May 2018

Subscriptions Streaming Streaming Music

On the 2 May 2018 Spotify released its first quarterly earnings. The results fundamentally represent a continuation of the figures presented in Spotify’s F1 filing and show strong results across most performance metrics. Nonetheless, investors were not satisfied (apparently spooked by growing losses), resulting in a dip in Spotify’s stock price.

Cover image for Snap Inc Q4 Quarterly Results

Snap Inc Q4 Quarterly Results
Much Improved Yet Still Fundamentally Challenged

Tim Mulligan

12 Feb 2018

Facebook Twitter Snapchat

Snap Inc’s Q4 results bookend the company’s dramatic first year of being a publicly listed company. 2017 was the year Snap has had to effectively admit that its rebranding as “a camera company” has, for the moment, failed to deliver—recall Q3’s $40 million write down of unsold Snap Spectacle inventory.

Snap Inc Q3 2017
Increasing Costs Overshadow Progress

13 Dec 2017

reporting Snapchat Snap Inc

Snap’s public performance has been turbulent and its stock price has been on a downward trajectory during its debut year under the forensic scrutiny of Wall Street. Share prices fell from $17 during the March IPO, to $12.65 in Q3 2017. This has placed pressure on the management team to adopt a new strategy to, reassure the increasingly sceptical ...

Cover image for Apple Q4 (Calendar Q3) 2017

Apple Q4 (Calendar Q3) 2017
Quarterly Revenue Growth Underpins 2017 Revenue Revival

20 Nov 2017

Apple Apple ipad

Apple continued its sales momentum this quarter with the launch of hardware products such as iPhone 8 and 8 Plus models in September. Both smartphones have incorporated new features, such as augmented reality (AR) technology and wireless charging, to meet the demands of its pre-existing consumer base as well as to attract new users.

Netflix Q3 2017
Netflix Gains 100 Million-plus Paid Subscribers

20 Oct 2017

SVOD Netflix consumer trends financial statements

Netflix has achieved a commercial milestone in becoming the first Subscriber Video On Demand (SVOD) service company to have over 100 million paying streaming subscribers. Netflix has managed to attract 109.3 million consumers to its SVOD platform. This continued success has exceeded external expectations that Netflix’s growth rate might be impact...

Snap Inc Q2 2017
Diminishing User Growth Dwarfs Revenue Increase

31 Aug 2017

Snap Inc earnings results

Snap Inc’s release of its second quarter earnings has been met with negative reception from the financial sector, as the company’s Q2 2017 financial results, which was below analyst revenue projections, led to a corresponding slump in its stock price.

Spotify Earnings
Growth Still Comes At A Cost

Mark Mulligan

19 Jun 2017

Streaming Streaming Music Spotify

Spotify’s 2016 accounts reveal strong growth in both revenue and user, as well as improved conversion to paid. But they also show growing losses (both in absolute and relative terms) for streaming music’s leading player. The health of Spotify is a bellwether for the health of the streaming music market and its current prognosis is that it is fi...

Snap Inc Q1 2017
Declining User Growth Exacerbates Rising Costs

Zach Fuller

12 May 2017

Amazon Facebook viacom

Following the release of its first earnings call since the March IPO, Snapchat creator Snap Inc has seen its stock price drop by 22% to $17.95, its lowest price since going public. The price fall reflects Wall Street’s reticence in taking the long-term view when It comes to tech stocks.